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$7,495,000

Beds
6
Baths
7.0
sq ft
6,398

18 Armada St, Hilton Head Island, SC 29928

18 Armada St

Hilton Head Island, SC 29928

  • 107 days on market
Coastal luxury meets investment opportunity in this 6-bed, 7-bath oceanfront estate in Palmetto Dunes. With expansive ocean views, this rental machine (2024 rental revenue nearly $400k) offers a 5-car garage, 3 oceanfront-primary BR suites, two large living spaces, outdoor kitchen- this home is perfect for retreat seekers, investors, and renters alike. Recent upgrades include a new elevator (2024), new roof (2022), pool resurfacing (2022), and more. Enjoy the large outdoor space, perfect for entertaining or relaxing. Professionally managed by Palmetto Dunes Resort, this property is an ideal investment or your dream beachfront getaway!

Details

Property type

Single Family Residence

Est. home value

$5,438,301

Lot size

Unknown

Price per sq ft

$1,172

Year built

1995

Price History

08/04/2024
HiltonHeadI

HiltonHeadI #446428

Listed
$7,495,000
08/01/2024
HiltonHeadI

HiltonHeadI #437864

Removed
$7,495,000
07/12/2024
HiltonHeadI

HiltonHeadI #437864

Price change
$7,495,000
-6.25%

Schools & Community

Neighborhood: 

Palmetto Dunes

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$4,093,561
Asking price
$7,495,000
Closing costs (~8% of asking)
-$599,600
Est. remaining loan balance
-$2,801,839
Cash to seller
$4,093,561

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Td Bank Na

Loan start date

July 2020

Original loan amount

$3,080,000

Est. remaining balance

$2,801,839

Interest rate

3.21%

Loan type

New Conventional, 30 year

Seller

Sol Adjustment Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/19/2024 at 6:35 AM

Listing updated: 11/18/2024 at 12:10 PM

Listed by: Jeff Hunt & Associates, Dunes Real Estate Phone #: (843) 842-1111

MLS: HiltonHeadI #446428

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